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AAFM CWM_LEVEL_2 Questions Answers

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Question 36

Section C (4 Mark)

Read the senario and answer to the question.

Harish wants to know what amount is eligible for deductible u/s 24 of Income Tax for housing loan repayments in computation of his Income tax liability for AY 2010-11.

Options:

A.

Rs. 1,43,080

B.

Rs. 1,50,000

C.

Rs. 1,44,270

D.

Rs. 1,43,680

Question 37

Section A (1 Mark)

In “Teenage Years” life stage, one learns about ___________

Options:

A.

Budgeting

B.

Earned income

C.

How money makes money

D.

All of the above

Question 38

Section B (2 Mark)

If the currency of your country is depreciating, the result should be to ______ exports and to _______ imports.

Options:

A.

Stimulate, stimulate

B.

Stimulate, discourage

C.

Discourage, stimulate

D.

Discourage, discourage

Question 39

Section B (2 Mark)

In the maturity stage of the industry life cycle

Options:

A.

The product has reached full potential.

B.

Profit margins are narrower.

C.

Producers are forced to compete on price to a greater extent.

D.

A, B, and C.

Page: 9 / 46
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Exam Code: CWM_LEVEL_2
Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
Last Update: Nov 23, 2024
Questions: 1259
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